UnitedHealth, rival shares tumble as lawmakers push to break up drug middlemen

Shares of companies that own pharmacy benefit managers fell on Wednesday after the introduction of a bipartisan bill that would force health insurance companies and drug intermediaries to sell their pharmacy businesses. CVS Health's Caremark, Cigna's Express Scripts, and UnitedHealth Group's Optum control much of the pharmacy benefit management (PBM) industry in the U.S., and […]

Alphabet shares surge on quantum computing breakthrough ‘Willow’

Shares in Google's parent company Alphabet soared as much as 6% on Tuesday after the company hinted at major advances with its new quantum computing chip, Willow. Google CEO Sundar Pichai said the Willow chip would take about 10 billion years, or “far beyond the age of the universe,” for current “state-of-the-art supercomputers” to solve […]

Cubs legend Ryne Sandberg shares heartbreaking cancer update

Cubs legend Ryne Sandberg has revealed the sad news about his prostate cancer. Sandberg, 65, announced in an Instagram post that her cancer has returned and spread to other parts of her body. “I would like to share with the Chicago Cubs, National Baseball Hall of Fame, City of Chicago, and our loyal fans an […]

NYSE to remove The Container Store shares

Barron's market reporter Jacob Sonnenschein joins Varney & Company. Discuss the current state of Santa gatherings and home improvement stores. The Container Store's shares have been suspended from the New York Stock Exchange as it prepares to be delisted, the latest blow for the struggling retailer. The decision was made on Monday after the company […]

Nvidia shares slide after China launches probe of suspected anti-monopoly violations

Nvidia stock fell early Monday after China announced it was investigating the well-known microchip company for possible violations of China's antitrust laws. In a short press release with few details, Chinese regulators appeared to focus on Nvidia's $6.9 billion acquisition of network and data transmission company Mellanox in 2019. Nvidia stock fell 3% on Monday, […]